Gold has appreciated dramatically in recent years. This spring, the price of gold has hit a few record highs over $3,000 per ...

The IRS allows you to deduct capital losses on a stock or other investments from your taxable income. You will have to file ...

Pierre Poilievre’s proposal to defer tax on capital gains reinvested in Canada, advertised by the Conservatives as economic ...

The Section 121 Exclusion lets taxpayers exclude up to $250,000 of the gain from the sale. A couple filing jointly can ...

The bill’s fiscal impact note estimates that removing the capital gains tax on personal income alone would represent a loss ...

Summary: Under the new tax regime for Financial Year 2024-25, individuals with a total income up to ₹7,00,000 are eligible ...

ITAT Mumbai held that assessee is permitted to set off unabsorbed depreciation pertaining to AY 1997-98 to 2001-02 against short term capital gains. Accordingly, AO is directed to delete the addition ...

Can you retroactively change the valuation of a rental property before selling it to reduce capital gains tax in Canada?

No. Capital gain will be applicable if the plot is purchased ... And eligible amount of HRA calculation is based on your rent paid, basic salary, period of tenancy & location of houses.

I was under the impression that only the capital gains amount needed to be invested ... has practically been removed except for the computation of the tax liability of a resident individual ...

When is capital gains tax payable on the sale of property? And at what rate are capital gains taxed? We answer these questions and more. Every week, our inbox is full of letters from readers ...